According to Reliance Industries Limited’s (RIL) annual report for the fiscal year 2021–2022 (FY22), JioGenNext, a startup accelerator programme, incubated 170 firms in seven years. In order to help businesses scale their operations and provide capital and portfolio management to chosen founders, the JioGenNext accelerator programme includes 30 corporate partners and more than 90 mentors on board. According to the corporation, 16 cohorts have been employed since its beginning. Aspiring entrepreneurs have allegedly submitted over 12,153 applications to JioGenNext so far. Of the 170 mentored startups, 79 have raised money, and 21 have been bought out by different businesses. Startups in the incubator programme, according to the report, have raised more than INR 2,600 Cr in early-stage venture capital (VC).